Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Sherwin-Williams CoSHW -1.77%87 Debt-to-EBITDA is 3.45 as of Mar. 2026, which is 7% above its 10-year median of 3.23. GuruFocus rates SHW with a GF Score™ of 87/100 and a GF Value™ of $356.15 (Fairly Valued). Among 1,235 Chemicals companies, Sherwin-Williams Co ranks worse than 60.73% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Sherwin-Williams Co's Debt-to-EBITDA or its related term are showing as below:
SHW'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1 Med: 3.23 Max: 4.73
Current: 3.02
During the past 13 years, the highest Debt-to-EBITDA Ratio of Sherwin-Williams Co was 4.73. The lowest was 1.00. And the median was 3.23.
SHW's Debt-to-EBITDA is ranked worse than 60.73% of 1235
companies
in the Chemicals industry
Industry Median: 2.16
vs SHW: 3.02
Sherwin-Williams Co (NYSE:SHW) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Sherwin-Williams Co Debt-to-EBITDA Related Terms
Sherwin-Williams Co Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Sherwin-Williams Co's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Specialty Chemicals subindustry, Sherwin-Williams Co's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Sherwin-Williams Co Debt-to-EBITDA vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Sherwin-Williams Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Sherwin-Williams Co's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Sherwin-Williams Co (SHW) has a Debt-to-EBITDA of 3.45 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Sherwin-Williams Co. This is near median its historical median of 3.23. Over the past decade, Sherwin-Williams Co's Debt-to-EBITDA has ranged from 1.00 to 4.73. According to the industry distribution chart, Sherwin-Williams Co ranks #750 out of 1235 companies in the Chemicals industry, placing it in the top 60.7%.
Is Sherwin-Williams Co's Debt-to-EBITDA too high?
Sherwin-Williams Co's current Debt-to-EBITDA of 3.45 is near median its 10-year median of 3.23. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 4.73. The Chemicals industry median Debt-to-EBITDA is 2.16. Sherwin-Williams Co's value of 3.45 is 59.7% above this industry median. Based on the distribution chart, Sherwin-Williams Co ranks #750 out of 1235 companies in the Chemicals industry, which is below the industry midpoint. Overall, Sherwin-Williams Co has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sherwin-Williams Co's Debt-to-EBITDA compare to ECL and APD?
According to the Chemicals industry distribution chart, Sherwin-Williams Co ranks #750 out of 1235 companies for Debt-to-EBITDA. This places Sherwin-Williams Co in the lower half of its industry. The industry median Debt-to-EBITDA is 2.16. Sherwin-Williams Co's value of 3.45 is 59.7% above this benchmark. Historically, Sherwin-Williams Co's own Debt-to-EBITDA has ranged from 1.00 to 4.73 over the past decade. While the company's 10-year median is 3.23 vs. the industry median of 2.16, Sherwin-Williams Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Chemicals company?
The median Debt-to-EBITDA among Chemicals companies is 2.16, based on 1,235 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sherwin-Williams Co's current Debt-to-EBITDA of 3.45 is 59.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Sherwin-Williams Co. For the Chemicals industry, the median Debt-to-EBITDA is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sherwin-Williams Co's current Debt-to-EBITDA is 3.45, which is near median its own 10-year median of 3.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sherwin-Williams Co stock overvalued right now?
Based on GuruFocus' analysis, Sherwin-Williams Co (SHW) is currently considered Fairly Valued. The stock's GF Value™ is $356.15, compared to a current price of $325.47 — trading 8.6% below its estimated fair value. The current Debt-to-EBITDA is 3.45, which is near median its 10-year median of 3.23 and 59.7% above the Chemicals industry median of 2.16. Sherwin-Williams Co's overall GF Score™ is 87/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Sherwin-Williams Co (SHW), the current Debt-to-EBITDA is 3.45 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Sherwin-Williams Co (SHW) Overvalued in 2026?
Based on GuruFocus' analysis, Sherwin-Williams Co stock appears to be undervalued.
The current stock price of $325.47 is trading 8.6% below its estimated GF Value™ of $356.15.
GuruFocus considers Sherwin-Williams Co to be Fairly Valued.
Key valuation signals for SHW:
Debt-to-EBITDA: 3.45 (near median its 10-year median of 3.23)
GF Value™: $356.15 vs. price of $325.47 (8.6% below fair value)
Industry Position: 59.7% above the Chemicals median (#750 of 1235)
No single metric tells the full story. See the SHW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sherwin-Williams is the largest global manufacturer of paints and coatings. The company focuses on the development, manufacturing, and distribution of paint, coatings, and related products to customers ranging from professional painters and contractors to industrial manufacturers to do-it-yourself consumers. Sherwin organizes its operations into three primary segments: the paint stores group is the largest segment and includes the company's network of over 4,800 company-owned stores; the consumer brands group sells branded architectural paints through big-box retailers such as Lowe's, and the performance coatings group provides specialized coatings for industrial applications, such as automotive refinishing, packaging, and industrial wood.
87GF Score
Get the complete analysis for SHW
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHW has been successfully added to your 
